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  • 920 Money Back 20 yrs_English

    Money back means the survival benefits which a policy holder gets in between his or her policy before the maturity cums and since it is a with profit plan so there are participation in the profits of the company in the form of Bonuses.


    920 Money Back 20 yrs_Hindi

    Money back means the survival benefits which a policy holder gets in between his or her policy before the maturity cums and since it is a with profit plan so there are participation in the profits of the company in the form of Bonuses.


    It is a money back plan for the tenure of 20 Years with a premium payment of 15 Years. Survival Benefit will be payable every after 5 years @ 20 % of Basic Sum Assured. On Maturity, balance 40 % of Sum Assured and vested reversionary bonuses with Final Additional Bonus will be payable in lump sum. The policy can be taken by any person between the ages of 13 years to 50 years.

    Money Back Plan with Saving & Protection

    Part of Sum Assured is payable after every 5 years in the form of Survival Benefit. Ideal to fulfil periodic goals. Also, enjoy maturity benefits at the end of the Term.


    Life Protection with Guaranteed Returns

    In case of Unfortunate demise during policy term, an amount equal to Sum Assured plus bonus will be payable without deduction of Survival Benefits paid earlier.


    Profit Sharing as per Valuation

    Every year, LIC declares valuation results.
    As per valuation result declared by LIC, profit is being shared among all policyholders as bonus.


    Fulfilment of Goals

    Periodic Survival Benefits in the form of Money back. Ideal for those who has short term goals like dream vacation, taking new house, children education.


    Additional Accident Benefit

    By paying small extra premium amount, you can secure your life for high insurance protection on natural or accidental death by opting DAB and Term Rider.


    Advantages

    Avail Tax benefit on premium paid
    Tax Free Maturity Amount
    Tension Free Claim Settlement

    Conditions


     MinimumMaximum
    Entry Age13 Years Completed age50 Years Nearest birthday
    Term20 Years
    PPT15 Years
    Maturity age70 Years nearest age
    Sum Assured₹ 1,00,000/-No Limit
    Mode of PaymentYearly, Half Yearly, Quarterly, Monthly, S.S.S., Monthly (ECS)


    Sum Assured shall be available in multiples of ₹ 5,000/-


    DAB Conditions

    Minimum Sum Assured :- ₹ 1,00,000/-

    Maximum Sum Assured :- ₹ 1,00,00,000/- sub. to not exceed to the Sum Assured under the basicPlan.

    Minimum Entry Age :- 18 years completed

    Maximum Entry Age :- 50 years nearest birthday

    Maximum Maturity Age :- 70 years nearest birthday



    Sum Assured shall be available in multiples of ₹ 5,000/-

     

    Term Rider Conditions

    Minimum Age At entry : 18 Years (Completed)

    Maximum Age At entry : 60 Years nearest birthday

    Minimum Sum Assured : ₹ 1,00,000/-

    Maximum Sum assured : ₹ 25,00,000/-

    Maximum Maturity Age : 70 Years nearest birthday

     
    Sum Assured shall be available in multiples of ₹ 5,000/-